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What is a “Vacancy Exclusion” and How Will that Affect My Homeowner’s Insurance Claim?

The word “exclusion” is not something anyone likes to hear when it comes to insurance coverage.  While it is nearly impossible to have insurance that provides coverage for each and every incident that results in damage, homeowners find themselves in a difficult situation when their claims are being denied based on an exclusion in their insurance policy.  As a homeowner, to hear that your claim is denied based on an exclusion in your policy can feel like a stab in the back, as you have faithfully paid your insurance premiums and relied on your insurance company to protect you and your home.

At Greenberg, Stone & Urbano, our Miami property insurance claims lawyers have evaluated numerous insurance policies, and understand how to interpret what exclusions may be listed in your insurance policy.  Such policies are already difficult to read, and exclusions may be in the smallest font possible, making it easy for a homeowner to overlook that part of the policy.  To ensure our clients are receiving the guidance they need, we work around the clock to investigate a client’s case and take steps to provide options and advice for those clients.

Vacancy Exclusion – What is NOT Covered by Your Insurance Policy

Many homeowners insurance policies have a vacancy exclusion which states that if an owner has not occupied his or her home for at least thirty days, and the home is vandalized in some way, a homeowners insurance policy will not cover the damage caused by the vandalism.  This places homeowners at a disadvantage, leaving them responsible for damage caused by another’s misconduct.

However, this vacancy exclusion is common, and one that every homeowner should be aware of in order to avoid this issue in the future.  Additionally, it was recently established that arson falls within the category of vandalism for purposes of the vacancy exclusion.  So, regardless of what type of damage is caused by vandalism, if it occurs while the homeowner has been vacant for thirty or more days, an insurance policy is unlikely to cover the damage.  This catches many homeowners by surprise, and may result in a dispute between homeowner and insurance company, making the future uncertain as to whether or not a homeowner will have to cover the cost of damage from his or her own pocket.

Contact the Miami Insurance Claims Attorneys of Greenberg, Stone & Urbano Today to Schedule Your Free Consultation!

Filing a homeowners insurance claim may seem easy at first, but the process of having an adjuster evaluate the damage to ultimately receiving coverage to address the damage can be confusing, complicated, and stressful.  As such, if you have questions about the claims process or are currently involved in a dispute about a claim, it is important that you consider speaking with an attorney right away.  With more than 130 years of combined experience, the South Florida Insurance Claims Attorneys of Greenberg, Stone & Urbano continue to provide legal representation to homeowners that they need in order to receive the coverage necessary to fix their home.  Our law firm has been rated AV by Martindale Hubbell, and has also been named as a top South Florida Law Firm by the Miami Herald.  With the necessary resources, dedication, and experience, our attorneys will do whatever they can to answer your questions and address your concerns.  To schedule your free consultation, contact Greenberg, Stone & Urbano today by calling (888) 499-9700 or (305) 595-2400.  You may also contact us online by visiting our website.

Source:

http://www.claimsjournal.com/news/southeast/2015/07/27/264781.htm

 

 

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